Location: Decatur County, IN | Metro: Decatur County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 47225, set at $1,020 for the metro area in fiscal year 2026, is a critical figure for landlords and small-portfolio investors considering their first Section 8 rental property. This amount represents the payment standard that the Housing Choice Voucher program will use to determine the maximum rental subsidy for tenants in this area. It is important to note that this is not the actual rent you can charge; it is the benchmark used by the program to ensure rents are reasonable.
To understand demand, consider the 0.0% renter share statistic. This indicates that there are no renters currently utilizing the Section 8 voucher system in ZIP 47225, suggesting limited competition among landlords for these vouchers. However, this also implies that there might be fewer potential tenants using vouchers, so it's essential to assess the overall rental market and whether non-voucher renters would be interested in your property.
The acquisition cost for properties in this ZIP code cannot be determined from the provided data since the relevant information is marked as N/A. To make an informed decision, you should research recent property sales in the area to get a sense of the typical costs involved in purchasing a rental property. This will help you calculate your potential return on investment accurately.
Before finalizing your decision to enter the Section 8 rental market in ZIP 47225, verify that your property meets all the necessary requirements set by the Housing Authority. These requirements include physical condition, size, and amenities, which must align with the standards for the number of occupants. Ensuring compliance upfront will save time and resources later.
In summary, while the FMR of $1,020 provides a guideline for the subsidy amount, the lack of existing voucher users and incomplete data on acquisition costs suggest that thorough market research and due diligence on property standards are crucial steps before investing in a Section 8 rental in ZIP 47225.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.